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  1. richardm1964

    What are the main types of Greek company?

    The income tax levied by Greek tax authorities are quite high among all EU nations. Different types of companies are spreading their business base there due to large scale spending in infrastructure projects. I think among the four types of companies that you have mentioned, "Limited Liability...
  2. richardm1964

    Offshore and Onshore Savings Account.

    Offshore savings account is similar to onshore savings accounts. The main difference is that, the interests generally paid by offshore banks are without tax deductions.It is an advantage to individuals who do not pay tax on worldwide income. Pl.comment and add more to my above post.
  3. richardm1964

    Offshore Banking Risks

    Offshore banking provides many advantages. So opening offshore bank account is probably the most efficient way of handling huge sums of money. But there are some risk involved as well. what are offshore banking risks?
  4. richardm1964

    Political and Economic factors while opening an Offshore Bank Account?

    Your privacy in certain offshore banking locations is at stake whenever there is any political changes relating to change in ruling parties that control the general administrations of the nation. Economic factors such bankruptcy, credit crisis and business losses etc may hampers the privacy and...
  5. richardm1964

    What is Offshore merchant account?

    An Offshore merchant Account is a Bank account that provides the ability to accept credit or debit card payments from customers for goods and services. An offshore merchant account establishes a relationship between credit card processor, the bank and business willing to accept the credit card...
  6. richardm1964

    What is Multi-Currency Account?

    A Multi-currency account is simply a bank account, having a single account number, in which you can hold balances in various different currencies. For example, when you log in through internet banking, you may see a summary screen showing your balances in different currencies.
  7. richardm1964

    A Long Shadow Over Small Banks

    I am really surprised to know how the regional banks in US has been virtually named as real estate bank now? How all the smaller banks committed the same mistake through excessive lending in real estate sectors. These smaller banks should never be taken as granted that they had not diversified...
  8. richardm1964

    Greenspan Expects Jobs to Snap Back

    At least a Former Federal Reserve Chairman ( Allan Greenspan) has said the truth that he expects a quick rebound in jobs because companies are stretched to expand productions. He has also predicted the increase of unemployment despite improvements in job markets which is contrasting. It may be...
  9. richardm1964

    Minimum Paid-up capital for PLC

    Hello mneilson, The Paid-up-Capital may be defined as "The total amount of shareholders capital that has been paid in full by themselves of a company. It is essentially the portion of authorized stocks of the company that has issued and received the payments from shareholders.
  10. richardm1964

    Fight the Deficit Monster with Tax Reform

    I think simplification of the tax structures would be a better option. The tax base would broaden and it can allow for both lowering overall income tax rates and raising more revenues. This may be easier to match federal tax revenue with federal spending obligations. A number of important tax...
  11. richardm1964

    Fight the Deficit Monster with Tax Reform

    I think simplification of the tax structures would be a better option. The tax base would broaden and it can allow for both lowering overall income tax rates and raising more revenues. This may be easier to match federal tax revenue with federal spending obligations. A number of important tax...
  12. richardm1964

    Top Stock Picks for 2010

    Yes I do agree the sweet 16 stocks for 2010 would provide better returns than the average benchmark index of US stock exchanges. These stocks are perfectly picked up. If I am given a chance to invest, I would prefer top 10 from those sweet sixteens.
  13. richardm1964

    Stocks in 2010: Prospects Range from Gloom to Boom

    When DOW was trading below 7000 this year, some international analysts and fund managers with negative mindsets were predicting the year 2009 to end below 5000. But DOW has proved them wrong convincingly. The same thing is going to be repeated again in 2010.
  14. richardm1964

    Dow Jones Industrial Average reaching 12000 by March 2010.

    I am optimistic on the progress of global financial health and future economic developments. These continuously pouring positive data are always reflected on our stock exchanges . I am confident that DOW would touch by 12000 March 2010
  15. richardm1964

    Withholding Tax

    Withholding tax is a "tax levied on income"s (interest and dividends) from securities owned by a non-resident. In case of Income tax, the tax withheld from employee's wages and paid directly to the government fund by the employer.
  16. richardm1964

    How can I know whether a country is Tax haven or not?

    I think It is the task of OECD to decide which are the countries treated as tax havens. The OECD (Organization for Economic Co-operation and Development ) brings together the governments of countries committed to democracy and the market economy from around the world to boost employment and...
  17. richardm1964

    Why Private Banks in US are crashing every week?

    The financial crisis in US is almost over. Larger Banks of USA are making huge profits and repaying their TARP (Troubled Assets Relief Program) money they received from US treasury department. But The news of smaller "private banks crashing" are coming in every week. Why private Banks are...
  18. richardm1964

    Dubai World says needs creditor deal to get

    Not only Dubai Government but also the helping hands from other gulf nations are coming in support of Dubai crisis. I think Dubai' s industrial activities would soon pick momentum from such helps. The international markets have also greeted the latest developments in Dubai. But it would take...
  19. richardm1964

    What Is Offshore Investment?

    What is CFD? I do agree , we can take advantage from the stock and forex trading through an offshore Bank Account. But my discussion was focussed on offshore investment but not on offshore Banking.
  20. richardm1964

    Banking Infrastructure in Cyprus

    Banking infrastructure plays an important role while deciding the location of an offshore company. Efficient foreign currency management and control is very crucial for any foreign company. Central Bank of Cyprus is performing that tax efficiently. Of course branches of major international Banks...

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